Question: 1 point) A borrower is repaying a loan with 9 annual payments of $1300. Half of the loan is repaid by the amortization method at

1 point) A borrower is repaying a loan with 9 annual

1 point) A borrower is repaying a loan with 9 annual payments of $1300. Half of the loan is repaid by the amortization method at 4.5 % effective. The other half of the loan is repaid by the sinking fund method in which the lender receives 4.5% on the investment and the sinking fund accumulates at 3.5% effective. Find the amount of the loan. Answer to the nearest dollar. ANSWER-$

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